Starling Bank nets £272m in late-stage funding led by Fidelity and Qatari investor
Starling says it’s still profitable, having exceeded £1.5m in net income every month since October
Anne Boden, CEO of Starling Bank has been adamant that the bank will not entertain offers of being acquired itself, after it was reported that JPMorgan and Lloyds Banking Group had made their interest in the scaleup known Getty Images By Monday March 8, 2021 7:31 am
British digital challenger Starling Bank has raised £272m in a series D funding round from a spate of City, international and institutional investors, providing the firm with a valuation of £1.1bn.
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Latham & Watkins partner Farah O Brien topped the list of private equity deal lawyers
Latham and Watkins London corporate practice co-chair Farah O Brien topped the list with eight deals valued at £30.94bn By Friday February 12, 2021 12:01 am
A ranking of the top 10 private equity lawyers in Europe has been dominated by partners from US law firms, illustrating their stranglehold on the sector.
Latham & Watkins’ London corporate practice co-chair Farah O’Brien topped the list with eight deals valued at £30.94bn, according to the rankings from data provider MergerLinks (see in full below).
Kirkland.
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Abu Dhabi’s sovereign-wealth fund Mubadala Investment recently sold 3 million shares of Virgin Galactic. Courtesy of Virgin Galactic
One of
Virgin Galactic Holding’s largest shareholders, Abu Dhabi sovereign-wealth fund Mubadala Investment, reduced its stake in the aerospace and space-travel company.
Virgin Galactic (ticker: SPCE) stock has rocketed 28.2% so far in January, boosted by buzz for the sector after Cathie Wood’s ARK Invest filed documents to start a new space exchange-traded fund. In comparison, the
S&P 500 index, a measure of the broader market, has only eked out a 0.3% gain in the new year.
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Earnings season started last week with results from
JPMorgan and other big banks. Or did it? For many investors, it doesn’t really begin until
Netflix, the first of the big tech stocks, reports after Tuesday’s close.
Tech looms over the market. The FAANG stocks plus
Microsoft have a combined market cap of more than $7 trillion, or roughly 22% of the total value of the
And big tech has been stuck. The FAANG+M stocks have risen an average of just 1.4% over the past three months, trailing the 8% gain of the market. Banks and energy stocks have risen more than 40% over that period.